Summary Box: Healthscope OKs $1.7B Carlyle/TPG bid
Summary Box: Australia's Healthscope backs $1.72 billion offer from Carlyle and TPG Capital
AND THE WINNER IS: U.S. private-equity firms Carlyle Group and TPG Capital topped rivals with their $1.72 billion bid for Healthscope Ltd., Australia's second-largest private hospital operator.
THE PRICE: The AU$6.26-a-share offer represents a 39 percent premium to Healthscope's AU$4.50 share price on May 13, before the company received its first takeover proposal.
SPURNED SUITORS: Media reports have identified one of the rival bids as having been from U.S. private equity firm Kohlberg Kravis Roberts & Co. U.S. hospital operator Tenet Healthcare Corp. in June dropped out of the race.
Copyright 2010 AP News
